Insurance Agency Singapore | Commercial Insurance and Personal Insurance

Considering the importance of public liability insurance, you have to make sure that you choose the right insurance company. Not every insurance policy gives the same offers. So, here are the tips on choosing the public liability insurance for your company:

Analyze Your Business Risk

Insurance company will determine how high the risk that they’re going to bear after learning your application. They will see whether they can give you full or partial coverage. Therefore, make sure you completely comprehend your business risk.

Make Sure That the Policy Covers All Your Business Activity

After acknowledging your business risk, you need to ensure that your insurance company provide a policy that supports all of your business activity. Read the policy carefully. Pay attention to things that are covered and not.

You may ask questions like this:

Does this policy protect all of the activities related to my business? Does this policy only cover the public liability or also include the product liability? What is included and not included in the public liability policy? And lastly, who is covered by the policy?

By Syifa Fadiyah

See Full Story at www.hashmicro.com

To make finding and comparing your next public liability and business insurance policy a little easier, we’ve put together some useful tips below or you can hit the “get a quote now” button to begin the quotes process.

Choose the right cover level

It’s important that you choose the right level of public liability insurance. The lowest level of cover is £1 million; however, you can also take out cover protecting you for £5 million or £10 million if necessary. 

Choosing the right level depends on the nature of your business, and you should ask the companies that you work with whether they stipulate a certain level. For example, if you are working on a government contract, you are likely to require a high level of cover in this area (usually between £5 and £10million)

What to look out for?

You need to ensure that the insurance policy covers you for the right business activities. For example, certain policies may not cover you if you work above certain heights (e.g. 10 m) or with heat. To check, make sure you read the policy exclusions and endorsements in full. This information can be found on our results page for each quote that you receive.

Tips on saving money

Most importantly you need to ensure that an insurer provides a policy that adequately supports your business activities. Unlike car or home insurance, there are many variations between insurers, so do check policy wordings, endorsements and exclusions in detail. Also check that your cover levels are adequate for your business needs.

By Kevin Pratt

See Full Story at www.moneysupermarket.com